In the dynamic world of retail sales, understanding market trends and identifying growth opportunities is essential for businesses to thrive. Puerto Rico, a vibrant island with a resilient retail sector, offers a promising landscape for entrepreneurs and investors. There are many sectors in the retail industry which one should look at when entering this type of business....Read More
The retail sector is a crucial component of any economy, providing insights into consumer spending patterns and overall economic health. In this economic report, we analyze the performance of various retail categories in March 2023 compared to the same period last year. The data presented offers valuable information on the growth or decline of specific...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent...Read More
This April 2023 there was a total of 831 units sold for all categories, representing a 4.3% decrease from April 2022 and an even greater decrease of 19.2% when compared to the previous month of March 2023. The price per housing unit on the other hand has maintained itself rather consistent for the most recent...Read More
New car unit sales for April 2023 amounted to 10,870 units sold, this being an increase of 37 units sold (0.3%) compared on a year-over-year basis with April 2022. April 2023 new car unit sales are also an increase of 138 units sold (1.3%) in a month-to-month basis with March 2023, the first increase in...Read More
New car unit sales for April 2023 amounted to 10,870 units sold, this being an increase of 37 units sold (0.3%) compared on a year-over-year basis with April 2022. April 2023 new car unit sales are also an increase of 138 units sold (1.3%) in a month-to-month basis with March 2023, the first increase in...Read More
Inflation is a measure of the reduction in purchasing power, the price changes measured in inflation not only affects consumers but also affects businesses investments. The inflation rate for the United States amounted to 5% in April 2023. This value for the inflation rate is a negligible 0.03 percentile point reduction from the previous month...Read More
Bankruptcy is a complex phenomenon that has both social and economic implications. In the case of Puerto Rico, it is important to examine the bankruptcy trends and understand their impact on various sectors of the economy. This article analyzes the data on total bankruptcies in Puerto Rico and highlights the significant contributions from industries such...Read More
According to the latest data released by the Department of Labor in Puerto Rico, the inflation rate in the country increased by 5.1% year-over-year in March 2023. All categories experienced some level of inflation during this period, with Food and Beverages experiencing the highest inflation rate of 10.1%. This increase was likely due to the...Read More
According to recent data on retail sales in Puerto Rico, the island’s economy is showing signs of recovery as sales have increased by 4.8% from February 2022 to February 2023. This positive trend is a result of increased consumer spending, particularly in the categories of Department Stores, Electronic Articles Stores, and Hardware and Home Improvement....Read More
